PSEG Solar Source acquires 25 MW solar project

Jan 13, 2012

PSEG Solar Source has completed the $75 million acquisition of a 25.2 MW solar project developed by Juwi Solar Inc. The PSEG Queen Creek Solar Farm is expected to begin construction in January 2012 and be completed in the third quarter of 2012. The project will be located on 158 acres of land approximately 30 miles southeast of Phoenix, Ariz.

The PSEG Queen Creek Solar Farm will use crystalline panels and a single axis tracking system. In September 2011, the Salt River Project Agricultural Improvement and Power District entered into a long term power purchase agreement to acquire all of the solar energy generated by the project for 20 years.

Under separate agreements, Juwi Solar Inc. will engineer, procure and construct the facility as well as perform operation and maintenance services for the project. The project will be owned by PSEG Solar Source.